3M Co (NYSE: MMM) is 16.35% higher on its value in year-to-date trading and has touched a low of $75.65 and a high of $155.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MMM stock was last observed hovering at around $148.99 in the last trading session, with the day’s gains setting it 1.21%.
Currently trading at $150.20, the stock is -0.22% and 7.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.15 million and changing 0.81% at the moment leaves the stock 20.75% off its SMA200. MMM registered 94.47% gain for a year compared to 6-month gain of 18.22%.
The stock witnessed a 6.50% loss in the last 1 month and extending the period to 3 months gives it a 13.51%, and is 0.09% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.31% over the week and 1.81% over the month.
3M Co (MMM) has around 61500 employees, a market worth around $81.54B and $26.56B in sales. Current P/E ratio is 19.90 and Fwd P/E is 17.65. Profit margin for the company is 15.71%. Distance from 52-week low is 98.56% and -3.10% from its 52-week high. The company has generated returns on investments over the last 12 months (27.06%).
with sales reaching $5.78B over the same period.The EPS is expected to grow by 6.95% this year, but quarterly earnings will post -2.26% year-over-year. Quarterly sales are estimated to shrink -27.79% in year-over-year returns.
The shares outstanding are 542.90M, and float is at 542.14M with Short Float at 1.34%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 49.9 million shares valued at $5.1 billion. The investor’s holdings represent 8.9909 of the MMM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 38.36 million shares valued at $3.92 billion to account for 6.9125 of the shares outstanding. The other top investors are STATE STREET CORP which holds 26.89 million shares representing 4.8454 and valued at over $2.75 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.0338 of the shares totaling 11.29 million with a market value of $1.15 billion.
3M Co (MMM) Insider Activity
The most recent transaction is an insider sale by Clarke Victoria, the company’s EVP & Chief Public Affairs Off. SEC filings show that Clarke Victoria sold 1,750 shares of the company’s common stock on Jan 31 ’25 at a price of $154.22 per share for a total of $0.27 million. Following the sale, the insider now owns 194.0 shares.
Still, SEC filings show that on Jan 29 ’25, Roman Michael F (Chairman of the Board) disposed off 49,598 shares at an average price of $152.30 for $7.55 million. The insider now directly holds 180,895 shares of 3M Co (MMM).
